Other formats:
BibTeX
LaTeX
RIS
@misc{694351, author = {Hloušek, Miroslav}, address = {Brno}, keywords = {business cycle - stylized facts - Czech economy - filtration - correlation - Granger causality}, language = {eng}, location = {Brno}, publisher = {CVKSČE MU}, title = {Czech Business Cycle Stylized Facts}, url = {http://www.econ.muni.cz/centrum/papers/wp2006-10.pdf}, year = {2006} }
TY - GEN ID - 694351 AU - Hloušek, Miroslav PY - 2006 TI - Czech Business Cycle Stylized Facts VL - Working Paper No.10/2006 PB - CVKSČE MU CY - Brno KW - business cycle - stylized facts - Czech economy - filtration - correlation - Granger causality UR - http://www.econ.muni.cz/centrum/papers/wp2006-10.pdf N2 - This paper deals with identification of stylized facts of Czech business cycle. Empirical time series are decomposed into trend and cyclical component using bandpass filter. Cross-correlations between cyclical component of GDP and various time series are computed. The cyclical behaviour of the series is determined, leading and lagging indicators are identified. Finally, the Granger causality between GDP and other aggregate variables is tested. All these characteristics are presented in charts and commented. Several main conclusions about behaviour of variables over the cycle are summarized, which helps to judge implications of alternative economic theories. Distinctions between stylized facts in the Czech Republic and other developed countries are also discussed. ER -
HLOUŠEK, Miroslav. \textit{Czech Business Cycle Stylized Facts}. Brno: CVKSČE MU, 2006, 31 pp. Working Paper No.10/2006.
|